Kingdom Holding, owned by billionaire Prince Alwaleed bin Talal, originally invested $50m in the tech company in 2011
Yousef Abdullah Al-Benyan said the economics of the project were being assessed and there was a 50/50 chance it would proceed
Riyadh, along with Turkey and other Gulf states, is a main supporter of rebels fighting Syrian President Bashar al-Assad
The deal value is currently estimated around $1bn to $1.5bn
Assets shrank 11.2 per cent from a year earlier to their lowest level since February 2013
After its conversion the Real Estate Development Fund will offer financing in cooperation with the private sector, a statement said
Ali al-Nimr was handed the death penalty after taking part in demonstrations in Saudi Arabia’s eastern province
A Saudi-led coalition of Arab states has been pressing a bombing campaign in Yemen over the past six months to try to restore a Yemeni government forced into exile by Houthi fighters
One of those arrested was a Syrian man, who the interior ministry said was preparing to carry out attacks while the other was a Filipino woman accused of helping him
Sheikh Youssef al-Qaradawi, a cleric whose fiery sermons have irked Gulf states, appeared alongside the Qatari prime minister and the Saudi ambassador at an event in Doha
The kingdom’s oil minister said that the sharp fluctuations in oil prices have been happening since 1970s
Saudi Arabia led a shift by the OPEC in November 2014 to defend market share against competing supplies
Officials from the kingdom have said no ISIL targets were present in the areas attacked by Russia
At least 239 Iranians pilgrims were killed in the stampede near Mecca and 200 others are still missing
The Gulf region faces teacher shortages as demand outstrips supply
Three more people were arrested in coordinated raids in Riyadh and Dammam
Atleast 769 pilgrims were killed and over 930 injured in a stampede near Mecca on Thursday
Residents and medics said most of the victims were women and children
At least 155 Iranian pilgrims died in the stampede on Thursday near Mecca and 300 other Iranians remain unaccounted for
The monarch said that the kingdom was dedicated to the safety of all pilgrims coming to perform haj, days after a stampede killed over 750 people
Abdul Aziz al-Anzi, 18, was killed, while his brother Saad, 21, was wounded and captured in the shoot-out
Shi’ite Muslim country Iran says that at least 136 Iranians are among the dead while 300 more Iranians remain unaccounted for
The men were killed by heavy gunfire from the Yemen side of the border on Friday after their patrol vehicle was hit by a mine explosion
The stampede, which also left over 800 people injured, took place in Mina on Thursday
Over 700 pilgrims were killed in a deadly stampede in Mina on Thursday
The stampede, in which over 800 others were injured, took place on Street 204 of the camp city at Mina
More than 450 pilgrims were killed in a stampeded at haj on Thursday
Under the amended labour law, private sector employees are prohibited from working more than 12 hours a day
Ali al-Nimr, who is 18 now, was given the death penalty after taking part in protests three years ago for democracy and equal rights
Haj is a duty for all Muslims at least once in their lives if they can afford it